Apex Clean Energy to pursue 1GW of solar potential in US

Facebook
Twitter
LinkedIn
Reddit
Email
Apex is aiming to transition to become a renewables IPP. Image: Apex Clean Energy via Twitter.

US renewables developer Apex Clean Energy has made an agreement with timberland company Weyerhaeuser for the development of 1GW of utility-scale solar and solar-plus-storage projects on Weyerhaeuser sites across the US.

Apex will develop the portfolio, creating a “near-term opportunity for power purchasers to meet their decarbonisation goals at scale”, the company said via a media release, adding that the projects could reach commercial operations as early as 2023.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“This significant portfolio of clean energy projects will be developed leveraging Weyerhaeuser’s broad and geographically diverse landholdings and Apex’s track record of bringing commercially viable clean energy projects to market,” said Ellen Balfrey, Apex’s senior vice president of finance.

To date, Apex has commercialised more than US$10 billion of utility-scale renewable projects through agreements with utilities, co-ops, and corporations. 

In October, funds managed by private equity firm Ares Management Corporation acquired a majority stake in Apex Clean Energy with the funds used to provide Virginia-based Apex with additional capital as it seeks to transition to a pure-play renewables independent power producer (IPP). 

Apex last year secured a US$200 million loan and now has a clean energy portfolio with more than 30GW in development.

“This agreement with Apex is a great step in advancing Weyerhaeuser’s strategic growth in renewable energy development, and it supports our broader commitment to sustainability and providing natural climate solutions across our land base,” said Russell Hagen, senior vice president and chief development officer for Weyerhaeuser.

Read Next

July 3, 2025
Malaysian engineering and infrastructure giant Gamuda has expanded its presence in the Australian renewables sector by partnering with Tasmanian landowners to build a 1.2GW portfolio, which includes solar PV.
July 1, 2025
Spanish independent power producer (IPP) Zelestra has secured financing and reached financial close for its 220MW solar-plus-storage plant in Chile.
July 1, 2025
Swedish independent power producer (IPP) OX2 has begun operations at a 100MW solar PV plant in Poland, its first project as an IPP.
June 25, 2025
JinkoSolar has submitted a 133.76MWc solar-plus-storage project in New South Wales to the federal government under the EPBC Act.
June 25, 2025
State-owned firm Solar Energy Corporation of India (SECI) has launched a solar-plus-storage tender seeking 1.2GW of solar PV.
June 24, 2025
Independent power producer (IPP) Recurrent Energy has secured €61.5 million (US$71.4 million) in financing for its Italian renewables portfolio.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK